1. If the average price of the first suite with an area of less than 90 square meters is lower than the market guidance price of the housing authority in this area, the deed tax shall be levied at 1% of the evaluation price;

2. If the building area is more than 90 square meters and less than 144 square meters, and the average price is lower than the market guidance price, the deed tax on the first suite shall be levied at 1.5% of the assessed price;

3. If the price of houses with an area of 144 square meters is higher than the market guidance price, the deed tax will be levied at 3% of the appraised price for the first and second houses.

Determine the conditions for purchasing the first suite:

1. Buyer1over 8 years old;

2. The purchased house is an ordinary house of 90 square meters or less, enjoying the preferential deed tax rate of1%;

3. There is no house purchased alone or with others under the name of the purchaser, except the house purchased with parents, purchased according to the housing reform policy, inherited the estate or acquired by demolition and resettlement;

4. In Shanghai, if the loan has already bought a suite and the commercial loan has been paid off, then the loan to buy a house is the first suite;

5. In Shanghai, if there is a commercial loan record of two suites under the personal name, the loan is paid off and sold, and the proof of sale can be produced, then buying a house is the first suite;

6. In Shanghai, if one set of commercial loans has been paid off and the other set of provident fund loans has been sold, then buying a house is the first suite;

7. In Shanghai, one spouse has applied for a provident fund loan, and the other spouse cannot apply for a provident fund loan before paying off the principal and interest of the loan.

To sum up, the deed tax collection standard for the first suite in 2024 is determined according to the housing area and whether it exceeds the market guidance price. If the average price of the first suite with an area of less than 90 square meters is lower than the market guidance price of the housing authority in this area, the deed tax shall be levied at 1% of the assessed price; If the house area is more than 90 square meters and less than 144 square meters, and the average price is lower than the market guidance price, the deed tax on the first suite shall be levied at 1.5% of the assessed price; If the price of houses with an area of 144 square meters is higher than the market guidance price, the deed tax will be levied at 3% of the appraised price for the first and second houses.

Legal basis:

People's Republic of China (PRC) deed tax law

essay

The deed tax rate is 3% to 5%. The specific applicable tax rate of deed tax shall be proposed by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government within the tax rate range specified in the preceding paragraph, submitted to the Standing Committee of the People's Congress at the same level for decision, and reported to the NPC Standing Committee and the State Council for the record. Provinces, autonomous regions and municipalities directly under the Central Government may, in accordance with the procedures prescribed in the preceding paragraph, determine different tax rates for the transfer of ownership of different subjects, different regions and different types of houses.